Romania: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in Romania

The Romanian buttermilk and buttermilk powder market soared to $X in 2022, growing by 20% against the previous year. In general, consumption saw a prominent increase. Buttermilk and buttermilk powder consumption peaked in 2022 and is likely to continue growth in the near future.

Production of Buttermilk And Buttermilk Powder in Romania

In value terms, buttermilk and buttermilk powder production reduced remarkably to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible expansion. The growth pace was the most rapid in 2015 with an increase of 93% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Exports of Buttermilk And Buttermilk Powder

Exports from Romania

In 2022, shipments abroad of buttermilk and buttermilk powder increased by 43% to X tons, rising for the fifth year in a row after three years of decline. Over the period under review, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 98% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, buttermilk and buttermilk powder exports skyrocketed to $X in 2022. Overall, exports saw prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 90%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Italy (X tons), Bulgaria (X tons) and Moldova (X tons) were the main destinations of buttermilk and buttermilk powder exports from Romania, with a combined 65% share of total exports. The UK, Spain, Hungary and Belgium lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +50.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for buttermilk and buttermilk powder exported from Romania were Italy ($X), the UK ($X) and Moldova ($X), together accounting for 68% of total exports. Bulgaria, Spain, Belgium and Hungary lagged somewhat behind, together comprising a further 29%.

Among the main countries of destination, Belgium, with a CAGR of +50.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average buttermilk and buttermilk powder export price amounted to $X per ton, declining by -11.2% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 16%. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Buttermilk And Buttermilk Powder

Imports into Romania

In 2022, imports of buttermilk and buttermilk powder into Romania soared to X tons, picking up by 17% against the year before. Overall, imports recorded a resilient increase. The pace of growth was the most pronounced in 2018 when imports increased by 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, buttermilk and buttermilk powder imports skyrocketed to $X in 2022. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 46% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Poland (X tons), Germany (X tons) and Hungary (X tons) were the main suppliers of buttermilk and buttermilk powder imports to Romania, with a combined 74% share of total imports. Belgium, the Czech Republic and Bulgaria lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +65.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest buttermilk and buttermilk powder suppliers to Romania were Hungary ($X), Germany ($X) and Poland ($X), with a combined 79% share of total imports. Belgium, Bulgaria and the Czech Republic lagged somewhat behind, together accounting for a further 17%.

Belgium, with a CAGR of +51.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average buttermilk and buttermilk powder import price stood at $X per ton in 2022, surging by 7.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2018 when the average import price increased by 16%. Over the period under review, average import prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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